California Landmark Group has secured $85 million to recapitalize a two-property apartment portfolio in Los Angeles. Mesa West Capital originated the funding.
The two properties include HW by CLG, a 79-unit low-rise boutique apartment building in Hollywood, and the BW by CLG, a 78-unit mid-rise apartment community in the Brentwood. Both properties are located in strong neighborhoods with higher quality finishes than the majority of the existing apartment stock in the market.
